January 4, 2016 Comments Off on Dropbox Inks Relocation Deal at 340,000-SF 50 W. 23rd Views: 420 California News, National News, New York News, Northeast

Dropbox Inks Relocation Deal at 340,000-SF 50 W. 23rd

Cloud computing and storage company Dropbox has signed a five-year lease for 31,270 sf at 50 W. 23rd St. in midtown south Manhattan. The lease represents a relocation and expansion from its current 11,666 sf at 33 W.19th St.

Dropbox is the second brand-name tech company to take office space at the 340,000-sf office building. In June 2015, online music company SoundCloud inked a 43,000-sf transaction with building landlord Two Trees Management. Two Trees Management acquired the property in 2010, and invested approximately $25 million in capital upgrades.

Two Trees Principal Jed Walentas indicated his company is in negotiation with a tenant that would take the remaining 80,000 sf.

Connect With Two Trees

Read More at Crain’s New York Business

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.